Is The Golden Age Of Investing Really Over?

Charlie Munger was interviewed by Becky Quick on CNBC this morning.  If you don’t know who Charlie Munger is, he is Warren Buffett’s right hand man and one of the most respected businessmen in this country.

Becky Quick asked Mr. Munger what he thought of the stock market, and his response was sobering.

He said that the golden age of investing is behind us, because it’s much more difficult now to pick individual stocks.  He said the valuations are just too high, and finding value would be extremely difficult.

I have a tremendous amount of respect for Charlie Munger as an investor.  His track record is stupendous.  I don’t know, though, if he’s right about the golden age of investing being behind us.

I will acknowledge that the 60s, 70s, 80s, and 90s were incredible times to be in the stock market.  Companies like Walmart (NYSE: WMT) have turned $1600 into $16,000,000 over a 30 year period.

However, we are entering a completely different world.  A world where market opportunities are in the trillions, not billions.  Never in the history of mankind have we had so many technological innovation platforms emerging at the same time:

Bill Gates said that a breakthrough in artificial superintelligence would be worth ten Microsofts.  ARK Investment’s Catherine Wood and her analysts believe a breakthrough could be worth 35 Amazons.

For all we know, the golden age of investing could very well be ahead of us.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

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Don’t Sleep On 3D Printing!

Looking for an investment theme that may be at the beginning stages of a mega bull run?  Take a look at 3D printing stocks!

The demand for 3D printing won’t come from retail customers. but from commercial ones.  I’m not sure if you’re aware that over 90% of hearing aids made today are 3D printed.  3D printing could revolutionize manufacturing as we know it.

Here’s why:

1. It shortens design to production time.

2. It shifts power to designers.

3. It creates products with less waste.

4. It enables radically new architecture.

5. It significantly reduces manufacturing cost.

6. It creates AI-enhanced architecture.

3D printing is currently a $6 to 8 billion market.  The growth outlook is anywhere from $94 billion to $400 billion by 2023.  Now I don’t know, if that will happen…but that’s insane growth!

I posted last spring about some stocks I feel are winners in the 3D printing sector.  I will be posting an update on them soon.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)